Tag: Tariffs

Tariffs

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Korea sets 'commercial rationality' standard for $200 billion U.S. investment plan

Seoul must recoup every invested dollar, plus interest, over an investment's lifetime for projects to qualify.

2026.6.9

U.S. Trade Representative Jamieson Greer speaks with reporters at the White House in Washington, DC on April 2. [REUTERS/YONHAP]

USTR proposes new 12.5% tariffs on Korea, 53 others for failing to prevent imports made with forced labor

The USTR proposed new tariffs on Korean and 53 other economies for failing to prevent imports made with forced labor, potentially imposing up to 12.5 percent tariffs amid ongoing investigations.

2026.6.3

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U.S. President Donald Trump holds a signed executive order after delivering remarks on reciprocal tariffs during an event in the Rose Garden on April 2. [AFP/YONHAP]

U.S. court ruling on Trump's tariffs unlikely to impact Korea's chip, auto exporters

A U.S. court decision striking down the Trump administration’s imposition of 10 percent global tariffs is unlikely to make much difference for Korean exporters, as it would for companies in other countries.

2026.5.8

U.S. President Donald Trump speaks during a Mother's Day event for members of the military at the White House in Washington on May 6. [AP/YONHAP]

Trump's 10% global tariffs deemed illegal by U.S. trade court

The U.S. court on Thursday ruled that U.S. President Donald Trump's latest 10 percent global tariffs are unlawful, finding that the sweeping tariffs are not justified under U.S. trade law.

2026.5.8

The Blue House in Jongno District, central Seoul [YONHAP]

Korea to assess impact of U.S. tariffs on EU autos on its trade deal with America

Korea will carefully assess how the Trump administration's move to raise tariffs on the European Union (EU)'s autos and trucks could affect its own trade deal with the United States and respond accordingly, a Blue House official said Saturday.

2026.5.3

Trade Minister Yeo Han-koo speaks at an event at the Korean Chamber of Commerce and Industry in Jung District, central Seoul, on April 9. [YONHAP]

Trade minister discusses USMCA concerns with Mexican ambassador

Korean Trade Minister Yeo Han-koo held a meeting with Mexico's ambassador to Seoul on Thursday to address concerns over the planned review of a trilateral trade pact between Mexico, the United States and Canada, Yeo's office said.

2026.4.30

U.S. President Donald Trump speaks at the National Republican Congressional Committee's (NRCC) annual fundraising dinner on March 25 at Union Station in Washington. [AP/YONHAP]

White House official says plan to increase global tariff to 15 percent 'in process'

A White House official said Wednesday that a plan to raise a new U.S. global tariff to 15 percent from 10 percent is "at least" "in process," as U.S. President Donald Trump said last month that the increase will happen.

2026.3.26

U.S. President Donald Trump speaks at Verst Logistics in Hebron, Kentucky, on March 11. [AFP/YONHAP]

U.S. to begin Section 301 investigation into 16 economic entities including Korea

U.S. President Donald Trump’s administration is set to begin a Section 301 investigation, a preliminary step toward imposing additional tariffs, on 16 economic entities including Korea, China and Japan.

2026.3.12

U.S. Trade Representative Jamieson Greer arrives for U.S. President Donald Trump's State of the Union address to a joint session of Congress at the U.S. Capitol in Washington on Feb. 24. [REUTERS/YONHAP]

USTR says new U.S. global tariff will rise to 15% or higher for some countries

U.S. Trade Representative Jamieson Greer said Wednesday that a new U.S. global tariff will rise to 15 percent or higher from 10 percent for some countries, as the Trump administration is taking steps to replace its sweeping emergency tariffs.

2026.2.26

Finance Minister Koo Yun-cheol speaks during a meeting at the government complex in Jongno District, central Seoul, on Feb. 26. [NEWS1]

Gov't to prevent importers from exploiting tariff-rate quota system

The government on Thursday announced a set of measures to improve the country's tariff-rate quota system, including steps to prevent unfair practices by importers exploiting it.